SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s National Assembly on Thursday approved a series of labor law revisions aimed at easing short-term child care burdens on working parents and strengthening workplace safety standards, the Labor Ministry said. Under the new measures, employees with children aged 8 or younger — or up to the second grade [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s National Assembly on Thursday approved sweeping revisions to cultural and copyright laws aimed at curbing ticket scalping and illegal online content distribution, marking one of the government’s strongest efforts yet to protect consumers and the country’s creative industries. The legislation, passed during a plenary session, amends the Performance [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s National Assembly on Thursday approved a special bill designed to expand government support for the country’s semiconductor industry, underscoring the sector’s growing importance to the nation’s export-driven economy. Passed during a plenary session, the legislation establishes a legal framework for developing large-scale semiconductor clusters and strengthening related infrastructure, [...]
SEOUL, Jan. 29 (Korea Bizwire) – South Korea plans to encourage more active investment by its public funds, which collectively manage an estimated 1,400 trillion won (US$981.5 billion), in the country’s secondary KOSDAQ stock market, the budget ministry said Thursday. Under a plan finalized by acting Budget Minister Lim Ki-geun, the government aims to expand [...]
SEOUL, Jan. 29 (Korea Bizwire) — President Lee Jae Myung on Thursday called for a rapid strengthening of South Korea’s social safety net, warning that the accelerating spread of artificial intelligence is already unsettling workers and deepening anxieties about the future of jobs. Speaking at a meeting with senior aides at the presidential office, Lee said [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea on Wednesday launched a public-private task force aimed at accelerating its green transition strategy, as the government seeks to meet its 2035 greenhouse gas reduction targets while turning climate action into a new engine of economic growth. The K-GX Task Force — short for Korea Green Transformation — [...]
SEOUL, Jan. 29 (Korea Bizwire) — About half of South Korean small and medium-sized enterprises that employ foreign workers support easing restrictions on job changes under the country’s employment permit system, though many remain wary of the impact such reforms could have on already fragile labor supply, a new survey showed Wednesday. According to a poll [...]
SEOUL, Jan. 28 (Korea Bizwire) – President Lee Jae Myung on Wednesday proposed the idea of imposing a “sugar levy” to help curb sugar intake and bolster public health care funding, citing a similar levy on tobacco. Lee made the remark on X, formerly Twitter, as he posted a news article citing a survey that [...]
SEOUL, Jan. 28 (Korea Bizwire) – A new platform based on artificial intelligence (AI) has prevented some 19 billion won (US$13 million) in financial losses from voice phishing scams over the past three months, the financial regulator said Wednesday. The country launched the platform, dubbed the AI-based Phishing Sharing and Analysis Platform (ASAP), in late [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s antitrust regulator is moving to tighten disclosure rules for franchise operators, requiring them to provide prospective store owners with clearer and more detailed information about business risks before contracts are signed. The Fair Trade Commission said Wednesday that it has begun the legislative and administrative process to revise [...]